Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Apple Set to Raise Prices as Memory Costs Surge; Micron Rallies on AI Demand
Apple will raise prices on some products as memory and storage-chip costs surge, with CEO Tim Cook calling increases unavoidable. Micron shares jumped 8.8% as investors bet on sustained chip pricing power.
Rigetti Valuation Under Scrutiny as Quantum Sector Navigates CHIPS Act Hurdles
Rigetti shares trade near $20 as investors weigh a $100M government funding letter against a $6.85B valuation, with analysts warning of a potential 50% decline.
IBM Shares Slide on Accenture's Weak Forecast and AI Control Fears
IBM dropped 6.9% after Accenture's weak sales outlook and an IBM study flagged AI control concerns, fueling fears of slower enterprise AI spending.
Honda Partnership Fuels QuantumScape Stock Surge Amid Solid-State Battery Push
QuantumScape stock jumped 5.7% to $7.29 following a Honda R&D solid-state battery research agreement, but the company still lacks revenue and warns significant production is not imminent.
Ondas Acquires Cyberhawk in $125M Deal, Boosting Drone Inspection Capabilities
Ondas Inc. announced a $125M cash acquisition of Cyberhawk, a drone inspection firm, expanding its utility and energy market reach.
Meta shares recover from selloff as AI spending concerns persist
Meta shares rebounded in premarket trading Thursday after a 5.4% decline, as markets digest the exit of AI executive Emily Dalton Smith and ongoing restructuring.
Alphabet Stock Dips as Gemini Co-Lead Departs for OpenAI
Alphabet shares edged lower after Gemini AI co-lead Noam Shazeer moved to OpenAI, sparking worries about Google's AI momentum and talent retention.
Snap Stock Plunges 8% on $2,195 AR Spectacles Launch, Investor Skepticism
Snap shares tumbled 8.1% after launching $2,195 Specs AR glasses, as investors question the device's ability to revive growth without draining cash.
Smartbird Soars 39% as Ex-Allbirds Pivots to AI Infrastructure
Smartbird shares surged 39.09% to $5.48 after completing its pivot from Allbirds to AI infrastructure, naming ex-AWS executive Nadia Carlsten CEO and doubling convertible financing to $100 million.